Global farm commodities supplier Olam International on Wednesday sued a US-based research firm and its founder for saying the company was in danger of collapse. In a filing with the Singapore Exchange after trading closed for the day, Olam said it “today initiated legal action in the High Court of Singapore against both Muddy Waters LLC and Carson Block”.
“The grounds are basically slander, libel and/or malicious falsehood,” Aditya Renjen, Olam’s general manager for investor relations, told AFP. He declined to respond when asked if Olam was seeking damages………………………………………..Full Article: Source